Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

It's the Lesser Giant Dividend Trade of September Again

That Upcoming $3-4bn SELL on Softbank Group (9984)

September 2021 Nikkei 225 Rebal With 3 Days Left

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Event-Driven

<p>Every year there are two of these. There is a Greater one at end-March, and a Lesser one at end-September. I often label these insights <em>"Tuesday and Wednesday"</em> because it has often been a Tuesday and Wednesday. Last year's version was called "Monday and Tuesday." </p><div><p>This year is Tuesday and Wednesday again. Wednesday is a US$57+ billion payday. </p></div><div><p>Market Impact is theoretically about ¥1.4-1.6 trillion on Tuesday's close.</p></div><div>
<p>Historically, the impact in September is not as big as March, but it is worth knowing about. And if you have portfolios to adjust, there will be opportunities to take advantage of style bias seasonality in the next few days.</p>
<p>Then there is the GPIF factor which could throw a loop into expectations.</p>
</div>

Every year there are two of these. There is a Greater one at end-March, and a Lesser one at end-September. I often label these insights "Tuesday and Wednesday" because it has often been a Tuesday and Wednesday. Last year's version was called "Monday and Tuesday." This year is Tuesday and Wednesday again. Wednesday is a US$57+ billion payday. Market Impact is theoretically about ¥1.4-1.6 trillion on Tuesday's close.
Historically, the impact in September is not as big as March, but it is worth knowing about. And if you have portfolios to adjust, there will be opportunities to take advantage of style bias seasonality in the next few days.
Then there is the GPIF factor which could throw a loop into expectations.


The Not So Rare Bird - The (Still Large) Lesser Dividend Trade